News for 'Black Money'

Wrestlers take a stand with black bands on 'Black Day'

Wrestlers take a stand with black bands on 'Black Day'

Rediff.com11 May 2023

Top Indian grapplers Vinesh Phogat, Bajrang Punia, Sakshi Malik, Satyawart Kaidyan and Jitender Kinha all tied black bands on their forehead.

Gadkari: AI To Detect Landslides, Waterlogging Soon

Gadkari: AI To Detect Landslides, Waterlogging Soon

Rediff.com22 Aug 2025

Nitin Gadkari said AI will be used to detect landslides, waterlogging and accident-prone spots on highways, while highlighting logistics cost cuts and road safety initiatives

Taxmen keep an eye on money changers

Taxmen keep an eye on money changers

Rediff.com10 Nov 2016

Money changers operating behind the RBI HQ in Mumbai said they would charge a 15% fee to convert Rs 1 crore.

Black money: Manmohan Singh urges G20 to take strong steps

Black money: Manmohan Singh urges G20 to take strong steps

Rediff.com4 Nov 2011

Prime Minister Manmohan Singh has urged the G20 nations to send a strong message to control the 'serious problems' of tax evasion and illicit flows that have grave bearing on the developing nations' future.

Bankers under lens over money laundering

Bankers under lens over money laundering

Rediff.com7 Dec 2016

The CBI and ED are keeping a close eye on several bank accounts.

Day 6 of I-T raids on Sahu: Rs 353 cr and counting

Day 6 of I-T raids on Sahu: Rs 353 cr and counting

Rediff.com11 Dec 2023

The income-tax department continued its searches in different places linked to an Odisha-based distillery group on charges of tax evasion for the sixth consecutive day on Monday after recovering unaccounted cash to the tune of Rs 353 crore, the 'highest-ever' haul in a single action by any probe agency in the country, officials said.

'People Know Gandhi As Villain Or Hero'

'People Know Gandhi As Villain Or Hero'

Rediff.com3 Oct 2025

'They are clueless about the man on the currency notes.' 'They have been fed with WhatsApp forwards, so either Gandhi is vilified or deified. There's nothing in between.'

How Indian black money in Swiss banks can be brought back

How Indian black money in Swiss banks can be brought back

Rediff.com27 Jun 2011

For starters, as Subramanian Swamy suggested, how about putting pressure on Parliament to pass a resolution concerning all PEPs to retrieve our wealth through the RIAA?

Indians' money in Swiss banks hits record low

Indians' money in Swiss banks hits record low

Rediff.com29 Jun 2017

The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.

Black money case: ED gets nod to grill Hasan Ali

Black money case: ED gets nod to grill Hasan Ali

Rediff.com30 Mar 2011

A sessions court on Wednesday granted the Enforcement Directorate permission to question top tax evader Hasan Ali, who is presently lodged in Mumbai's Arthur Road jail. According to reports, the interrogation would be video-recorded as per the orders of the Supreme Court.

Unveiling The Refreshed Renault Triber

Unveiling The Refreshed Renault Triber

Rediff.com24 Jul 2025

The Renault Triber's USP remains its exceptional interior space and seven-seater capability, a combination rarely found in the 7 lakh to 10 lakh on-road price bracket in India.

Modi Courts Japan Inc With Make In India

Modi Courts Japan Inc With Make In India

Rediff.com28 Aug 2025

Japan is expected to increase its investment target in India from the earlier 5 trillion yen ($34 billion) to almost 10 trillion yen.

Will SBI Reveal Names Behind Electoral Bonds?

Will SBI Reveal Names Behind Electoral Bonds?

Rediff.com26 Feb 2024

Government unlikely to bring in an ordinance to address the developments arising out of the Supreme Court order.

I-T raids unearth massive black money -- and almost Rs 6 cr in new notes!

I-T raids unearth massive black money -- and almost Rs 6 cr in new notes!

Rediff.com2 Dec 2016

The biggest-ever seizure of cash in new currency grew to over Rs 5 crore on Friday even as the Income Tax department said it detected unaccounted income worth Rs 152 crore after it conducted searches in a dozen premises in Bengaluru and other locations.

Debt MFs Vs FDs

Debt MFs Vs FDs

Rediff.com24 Jul 2025

Despite similar tax treatment, debt MFs enjoy certain advantages over FDs.

Don't be scared, send CBI or ED to Adani, Ambani: Rahul hits back at Modi

Don't be scared, send CBI or ED to Adani, Ambani: Rahul hits back at Modi

Rediff.com8 May 2024

Rahul Gandhi's retort to PM Modi came after the latter attacked him at an election rally saying why he has "stopped" naming Adani and Ambani in his attacks and whether he has received money from them in return.

Cong releases 'black paper' on 'Modi govt's failures'

Cong releases 'black paper' on 'Modi govt's failures'

Rediff.com8 Feb 2024

The 'black paper', titled '10 saal anyay kaal' also alleged that issues such as rising prices, unemployment, subversion of institutions and farmers' 'distress' had plagued the country.

Jaitley had defended anonymity of electoral bonds

Jaitley had defended anonymity of electoral bonds

Rediff.com15 Feb 2024

Years before the Supreme Court struck down as 'unconstitutional' an opaque political funding tool that allowed individuals and companies to donate money to political parties anonymously and without any limits, the then finance minister Arun Jaitley -- the prime mover of electoral bonds -- had termed them legitimate and transparent.

3 reasons why India's rich stash money abroad

3 reasons why India's rich stash money abroad

Rediff.com3 Nov 2014

Clearly, rich Indians have little confidence in India. Perhaps we are also chronically dishonest.

Why tax sops under Section 54 are money-launderer's delight

Why tax sops under Section 54 are money-launderer's delight

Rediff.com28 Dec 2015

Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.

Govt cuts sorry figure with money laundering

Govt cuts sorry figure with money laundering

Rediff.com6 Apr 2009

One is really left wondering how India can ever claim to fare better than the United States and the United Kingdom in this space.

Even after 6 years it's still not clear if demonetisation was really effective

Even after 6 years it's still not clear if demonetisation was really effective

Rediff.com8 Nov 2022

The jury is still out on the decision to demonetise high value currency notes on November 8, 2016, with the government claiming it has helped greater formalisation of the economy while critics saying it has failed to curb black money and reduce dependence on cash. On November 8, six years ago, Prime Minister Narendra Modi had announced the demonetisation of old Rs 1,000 and Rs 500 banknotes and one of the key objectives of the unprecedented decision was to promote digital payments and curb black money, besides eliminating terror funding. As per a Reserve Bank data, currency with the public has jumped to a new high of Rs 30.88 lakh crore an October 21, indicating that cash usage is still substantial even six years after the demonetisation move.

Ready For Squid Game Finale On OTT?

Ready For Squid Game Finale On OTT?

Rediff.com27 Jun 2025

Income tax raids, killer games, village elections, criminal investigations, things are rather exciting on OTT this week, as Sukanya Verma notes.

'There Is No One Like Shibu Soren'

'There Is No One Like Shibu Soren'

Rediff.com5 Aug 2025

'Shibu Soren was the tallest leader of tribals in the country.'

FIDE Women's World Cup: Vantika holds nerves to down Ushenina

FIDE Women's World Cup: Vantika holds nerves to down Ushenina

Rediff.com12 Jul 2025

With Vantika's hard-earned victory there are still five Indians left in the last 32 stage of this US$691,250 prize money event with an additional bonus of making it to the Women's candidates' tournament slated in 2026 for the top three finishers.

India's Tea Giant Just Got British Roots

India's Tea Giant Just Got British Roots

Rediff.com21 Jul 2025

For Luxmi, the Brew Tea deal ticks key boxes in its strategy, mainly, focusing on quality and branding.

'My Father Bimal Roy's Time Has Come'

'My Father Bimal Roy's Time Has Come'

Rediff.com3 Sep 2025

'When you are a pioneer and someone who's put on a pedestal, but then the pedestal gets dusty, people don't look at the statue anymore.' 'They would say, 'Yes, yes, of course I know Bimal Roy. He made Do Bigha Zamin.'.'

Gautam Khaitan arrested in fresh money laundering case

Gautam Khaitan arrested in fresh money laundering case

Rediff.com26 Jan 2019

ED sought his custody for seven days, claiming it had knowledge of unidentified assets which value more than Rs 500 crore and his custodial interrogation was required.

Withdrawing money from bank? Pay tax!

Withdrawing money from bank? Pay tax!

Rediff.com28 Feb 2005

The FM has levied 0.1 per cent tax will be levied on withdrawal of cash of Rs 10,000 and above from banks on a single day. So if you withdraw Rs 10,000 from the bank on a single day, you will need to pay a tax of Rs 10 on it.

Stranded in Tehran, Bengal man plan to cross over Afghanistan or Pak

Stranded in Tehran, Bengal man plan to cross over Afghanistan or Pak

Rediff.com17 Jun 2025

'I hear that there are some 10,000 Indians stuck in Iran, including nearly 4,000 students from Kashmir. But, I do not know any of them. Here I am all by myself and the embassy has asked me not to venture out far from my hotel. People here are going about their daily lives despite the bombings'

Plea in Delhi HC seeks recall of currency over Rs 100, curbing cash deals over Rs 10K

Plea in Delhi HC seeks recall of currency over Rs 100, curbing cash deals over Rs 10K

Rediff.com3 May 2023

The Delhi high court on Wednesday asked the Centre and the Delhi government to present their stand on a plea seeking recall of all currency notes above Rs 100, restricting cash transactions above Rs 10,000 and linking assets worth more than Rs 50,000 with Aadhaar to check corruption.

No coercive action against Anil Ambani till Nov 17, HC tells I-T dept

No coercive action against Anil Ambani till Nov 17, HC tells I-T dept

Rediff.com26 Sep 2022

The Bombay high court on Monday directed the Income Tax department not to take any coercive action against Reliance Group chairman Anil Ambani till November 17 on a show cause notice issued to him seeking to prosecute him under the Black Money Act. The I-T department had issued the notice to Ambani on August 8, 2022 for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani (63) with "wilful" evasion, saying he "intentionally" did not disclose his foreign bank account details and financial interests to Indian tax authorities.

Cash may no longer be king as e-money emerges new ruler

Cash may no longer be king as e-money emerges new ruler

Rediff.com16 Jul 2016

The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.

BJP MP Bansuri Swaraj pulls a Priyanka to target Gandhis

BJP MP Bansuri Swaraj pulls a Priyanka to target Gandhis

Rediff.com22 Apr 2025

Her black bag had "National Herald Ki Loot" emblazoned over it in red colour.

'At 70, I'm Excited To Kick Off My 3rd Innings'

'At 70, I'm Excited To Kick Off My 3rd Innings'

Rediff.com31 Jul 2025

'Even if I had the backing of a big corporate house, which I don't, in today's market, I wouldn't want the responsibility of making a Rs 300 crore-Rs 400 crore film.'

Black Is The New White For Car Buyers

Black Is The New White For Car Buyers

Rediff.com16 Jan 2024

'The decrease in the popularity of white cars and the rise in preference for darker colours like black, grey, and blue over the past three years reflect changing consumer attitudes.'

Plea to link Aadhaar with property: HC seeks Centre's reply

Plea to link Aadhaar with property: HC seeks Centre's reply

Rediff.com17 Apr 2023

The Delhi high court on Monday asked the Centre to file reply on a plea seeking linking of immovable and movable property documents of citizens with their Aadhaar numbers to curb corruption, black money generation, and benami transactions.

Tax clearance certificate is not for all: Govt clarifies

Tax clearance certificate is not for all: Govt clarifies

Rediff.com28 Jul 2024

After social media outrage over a Budget proposal making it mandatory to get tax clearance certificates for going abroad, the government on Sunday clarified that the proposed amendment is not for all, and only those accused of financial irregularities or having substantial tax arrears need such clearance. The finance ministry, in the Finance Bill, 2024, has proposed to add the reference of the Black Money Act, 2015, to the list of Acts, under which any person should clear his liabilities to obtain the tax clearance certificate.

BAF's Withstand Black Monday Turmoil

BAF's Withstand Black Monday Turmoil

Rediff.com7 Aug 2024

Data from Amfi shows that NAV of every one in two BAFs declined 1.5% or less on Monday compared to a 3.13% decline in Nifty 500.

Respect SC order, but...: BJP defends electoral bonds

Respect SC order, but...: BJP defends electoral bonds

Rediff.com15 Feb 2024

The Bharatiya Janata Party on Thursday defended the electoral bonds scheme, struck down as unconstitutional by the Supreme Court, saying it had a laudable objective of bringing transparency in poll funding.